Uyeda from the SEC Anticipates a Slowdown in Rulemaking Following the ‘Ambitious’ Biden Administration.

Mark Uyeda, the interim head of the U.S. Securities and Exchange Commission (SEC), recently shared his vision for the agency at the Wall Street Journal’s CFO Network Summit in New York. He indicated that the SEC will slow down its rulemaking efforts after a period of aggressive reforms under former Chair Gary Gensler. Uyeda described … Read more

Prosecutors Claim Taylor Swift Tickets Were Initially Sold and Subsequently Resold in a Cyber Fraud Scheme.

A group of cybercriminals has been caught stealing and reselling over 900 digital tickets for Taylor Swift concerts and other high-demand events. This scheme, which took place on StubHub, was uncovered by prosecutors in New York. According to Queens District Attorney Melinda Katz, the operation involved workers in Jamaica employed by a company that provided … Read more

Liberty Mutual Must Refund $4 Million for Overcharging Louisiana Residents on Assessments

Liberty Mutual is set to refund about $4 million to around 138,000 policyholders in Louisiana due to an overcharge related to the Louisiana Property Insurance Corporation Emergency Assessment. This situation came to light after a consumer complaint was filed in February, prompting the Louisiana Department of Insurance to investigate. Insurance Commissioner Tim Temple explained that … Read more

Canadian Court Greenlights $23 Billion Settlement to Resolve Big Tobacco Lawsuits

A Canadian court has approved a significant settlement plan to resolve long-standing lawsuits against major tobacco companies. Philip Morris and British American Tobacco announced that their Canadian units will pay C$32.5 billion, which is about $22.67 billion, to settle claims related to the health impacts of their products. The lawsuits date back decades, alleging that … Read more

UK Court Prevents Class Action Lawsuit Against Water Companies Regarding Sewage Discharges

A UK court has dismissed a class action lawsuit against six water companies, including Thames Water Ltd., over claims they under-reported sewage leaks. The Competition Appeal Tribunal ruled that the case, which alleged the companies misrepresented pollution levels to charge higher prices, could not proceed under the Water Industry Act. The lawsuit accused Thames Water … Read more

Labor Department Probes Nvidia and Amazon-Backed Startup Scale AI

The U.S. Department of Labor is looking into Scale AI, a startup that specializes in data labeling and has backing from major tech companies like Nvidia, Amazon, and Meta. The investigation focuses on whether Scale AI is following the Fair Labor Standards Act, particularly concerning fair pay and working conditions. This inquiry began nearly a … Read more